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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Charlotte, TX Housing Affordability Index

Charlotte, Texas has an MBR Housing Affordability Index score of 121.9 (Highly Affordable) as of October 30, 2026, ranking 648th most affordable of 1,229 scored Texas cities, compared with 99.2 statewide and 97.4 nationally. On a median-priced $86,900 home with 20% down, the Texas average 30-year fixed rate of 7.29% means a monthly principal and interest payment of about $476, or 20% of the city’s $28,955 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Charlotte is updated every night from live Texas mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Charlotte MBR-HAI 121.9 Highly Affordable
Rank in Texas 648 of 1,229 1 = most affordable
Texas 99.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.29% Texas lenders
Median home value $86,900 U.S. Census Bureau

Charlotte is 22.8 points above the Texas score. Scores as of October 30, 2026. See the Texas index

View Charlotte Mortgage Rates

What It Takes to Buy in Charlotte

$476/mo
Principal & Interest
Median home, 20% down, 7.29%
$20,400
Income Needed
To keep the payment at 28% of income
$28,955
Median Household Income
Texas: $78,476
3.0x
Price-to-Income Ratio
Texas: 3.6x
$515/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,375/yr
Median Property Tax
3.88% of median value
20.0%
Owner Cost Burden
Owners spending 30%+ of income on housing
19.2%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Charlotte, Texas. The rate is the Texas average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Charlotte Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Charlotte, Texas score: 121.9 (Highly Affordable), ranked 648 of 1,229 Texas cities. monitorbankrates.com/housing-affordability-index/texas/charlotte”